United States
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
The CAQ has updated its framework for compiling inflation data to assist financial statement preparers in applying ASC 830.
We have updated our hedging guide to refer to certain temporary optional expedients and exceptions included in ASC 848.
The FASB has clarified that certain ASC 848 expedients and exceptions apply to derivatives affected by the discounting transition.
Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.
The American Institute of Certified Public Accountants Audit and Accounting Guide, Gaming, was recently updated.
The SEC recently provided its views about certain disclosures for SPAC IPOs and subsequent business combination transactions.
Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.
FASB proposes a goodwill impairment triggering event alternative for certain private companies and not-for-profit entities.
A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.
Clarifications have been provided on the interagency statement on loan modifications for customers affected by COVID-19.
An updated AICPA guide addresses the unique aspects of the preparation and auditing of employee benefit plan financial statements.
An updated AICPA guide addresses the unique aspects of the preparation and auditing of financial institution financial statements.
The IASB has proposed amendments to IFRS 16 to clarify the seller-lessee’s accounting for a sale and leaseback transaction.
The GASB recently released a proposed implementation guide to address a wide array of practice issues related to GASB Statements.
We have published a new edition of our guide regarding the accounting for debt modifications, restructurings and exchanges.
A recent SEC rule amends requirements related to MD&A, selected financial data and supplementary financial information.
The FASB will propose an ASU that would provide a goodwill impairment triggering event alternative for certain entities.
A PCAOB resource provides information for audit committees about new requirements for auditing estimates and use of specialists.
Recently issued ASU 2020-11 provides an additional year for the implementation of ASU 2018-12 and eases its adoption provisions.